News and Highlights

On March 27, 2020, Congress passed and the President signed into law the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). Here are the individual non-business tax relief provisions: IRS to provide financial aid to individuals Credit allowed for…

On March 25, 2020, IRS announced new sweeping collection and audit policies due to Coronavirus challenges. IRS calls the policies the “People First Initiative.” They will offer immediate relief to help people facing uncertainty over taxes. They include postponing certain…

Right now, our highest priority is the health of those you love and yourself. Here is a summary of IRS action already taken and federal tax legislation already enacted to ease tax compliance burdens and economic pain caused by COVID-19…

Families First Coronavirus Response Act (Act), signed by President Trump on March 18, 2020. Treasury, IRS and Labor announce plan to implement Coronavirus-related paid leave for workers and tax credits for small and midsize businesses to swiftly recover the cost…